SpaceX Shares Rise After Evercore ISI Lifts Price Target to $275

SpaceX (SPCX) shares rose 1.16% to $150.35 on Friday after Evercore ISI raised its price target on the stock to $275 from $230. The move came on a day when the Nasdaq fell more than 2% and technology stocks were under pressure.

The higher target implies substantial upside from Friday's price, and it stood out in a session dominated by weakness in growth and AI-linked shares. Analyst targets are opinions rather than forecasts, and they can change quickly as sentiment and market conditions shift.

Elsewhere in the space and mobility theme, Tesla shares rose to $373.64 in premarket trading after CEO Elon Musk unveiled a new Roadster that uses cold-gas thrusters.